Hello everyone,
I'm landing with my husband next month, for proof of funds, I have read that we don't need to carry the whole amount in cash. Can it be a combination of cash and gold coins? Or r we going to pay tax on that?
Hello everyone,
I'm landing with my husband next month, for proof of funds, I have read that we don't need to carry the whole amount in cash. Can it be a combination of cash and gold coins? Or r we going to pay tax on that?
There is no tax on money imported/exported from Canada, you have to declare any funds over $10K though. Much simpler to carry TCs, Demand Draft, wire transfer or proof of funds in a convertible currency from your overseas bank.
Probably not, since it is almost impossible to transfer funds from Iran to Canada under the UN and Canadian sanctions. http://www.international.gc.ca/sanctions/iran.aspx